KPMG in India CEO Yezdi Nagporewalla expressed concern over the high valuations of global AI companies, deeming them unsustainable. He believes India, despite a late start, has a strong chance to develop its own unique Local Language Models due to its robust tech ecosystem and global capability centres.
Olympic gold medallist Abhinav Bindra has announced he will not contest for a position on the Indian Olympic Association's Executive Board, despite being on the list of Sportspersons of Outstanding Merit eligible for the upcoming elections on December 5. Bindra also shared his views on India's performance at the recent Asian Games and the record-breaking success at the Asian Para Games.
India's Goods and Services Tax (GST) receipts, after accounting for refunds, surged by 18.1 per cent annually to approximately 1.77 trillion in September, marking its fastest growth in six months. This increase was primarily driven by a significant rise in tax revenue from imports, which grew 26 per cent annually.
India's Pranavi Urs has taken a three-stroke lead in the Asian Games women's golf competition after a superb four-under 66 in the third round. She is now in strong contention for an individual gold medal, with a total of 15-under 195. Her performance also propelled the Indian women's team into second place, four shots behind China.
Pranavi Urs carded a three-under 69 to secure a spot inside the top 10 after the opening round of the KPMG Women's Irish Open. While Urs showed strong form, fellow Indian golfers Diksha Dagar and Tvesa Malik struggled, both carding 74s and facing a battle to make the cut. South African Casandra Alexander leads the tournament with a stunning nine-under 63.
India's gross Goods and Services Tax (GST) collections surged by 15.4 per cent to over Rs 2.11 lakh crore in July, driven by increased mop-up from both domestic transactions and imports.
Businesses may eventually have to file returns largely based on invoices uploaded by suppliers, with limited scope for manual changes.
India's gross GST collections increased by 3.2 per cent to over Rs 1.94 lakh crore in May, driven by improved supplies of goods and services and a continued expansion in collections from imports.
Despite the Centre's GST 2.0 guidelines aiming to facilitate provisional refunds within seven days for low-risk cases, many large taxpayers are still encountering significant delays in obtaining Goods and Services Tax (GST) refunds under the inverted duty structure (IDS), with experts citing inconsistent state-level scrutiny and subjective interpretations.
The All India Football Federation (AIFF) is evaluating commercial rights bids for its flagship competitions, including the Indian Super League and the Indian Women's League. The Executive Committee is also discussing the implementation of the National Sports Governance Act.
Pranavi Urs, Avani Prashanth, and Vani Kapoor are set to participate in the Amundi German Masters golf tournament, aiming to make a significant impact on the Ladies European Tour.
'...even though the investigation in the matter is ongoing, we have paid 100 per cent of the principal and interest to relevant departments of the Haryana government.'
The latest crisis emerged after the All India Football Federation (AIFF) could not find a new commercial partner for the conduct of domestic league, including the top-tier Indian Super League.
At 5.5 per cent, India's GDP growth is better than many countries in the current environment of global economic slowdown though the focus should be on how the current turbulent times are sailed through, advisory firm KPMG India's top executive has said.
The average Indian fraudster isn't an outsider exploiting security loopholes. He's usually a man between 26 and 45 years of age, working in operations or procurement, with more than six years at the organisation.
The Indian M&A scenario has begun to reflect a change in sentiment with a fall in the value of transactions consummated, KPMG said in its latest report. The report has highlighted that there would be a decrease in both appetite and capacity for M&A activities and there would be a continued fall in global merger and acquisition in the second half of this year.
Doubling standard deduction to Rs 1 lakh, increasing tax break on interest paid on housing loan and rationalisation of capital gains tax regime are some of the expectations that consultancy firm KPMG has from the Budget 2024-25 to be unveiled on July 23 in Parliament. There has been a significant rise in medical expenses, fuel costs and overall inflation.
Venture funding in India slowed in the third quarter (Q3) of 2025 amid geopolitical uncertainty, though exit activity surged to a seven-year high, according to Venture Pulse from KPMG Private Enterprise, a quarterly report tracking investment trends globally across major regions around the world.
10 ISL clubs slam AIFF for delay in tender process, allege "breach of trust"
It isn't easy for a girl from Gopal Nagar to chase a dream. But Pinky was extremely determined. A force unto herself, she was going to go places. Literally. Till it abruptly ended one morning on the tarmac at Baramati airport.
India's $280-billion IT industry heads into 2026, balancing visa-related headwinds and global trade uncertainty against its biggest-ever push into artificial intelligence and the rapid expansion of global capability centres (GCCs). Heightened scrutiny of the US H-1B visa programme - including a proposed $100,000 fee for new visas and concerns over a potential 25 per cent outsourcing tax - has complicated cross-border delivery for Indian firms, even as companies accelerate efforts to reduce reliance on onsite staffing.
Ahead of the Union Budget 2026-27, Indian business houses have urged the government to make demergers tax-neutral, particularly in cases involving transfer of investments in associate companies with 25 per cent or more shareholding, under the new Income Tax Act. This may possibly help some companies planning to go public, according to a source.
India's economic growth had slumped to decade low of 5 per cent in 2012-13
Current situation risks rendering ongoing operations untenable: ISL clubs to AIFF
After marathon meetings with stakeholders, Mandaviya promises end to Indian football "stalemate"
Neo banks, along with mid-sized banks, are establishing global capability centres (GCCs) in India, mirroring the expansion strategies of larger global counterparts. This trend is being seen as the next major wave in the country's banking, financial services, and insurance (BFSI) sector.
'Make-in-India played a key role in India's effective action against terrorism during Operation Sindoor.'
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According to KPMG India survey titled 'Managing currency and commodity risks' that was released today, a stronger organisational risk culture and greater support from the management are perceived to be the major areas of improvement for better risk management.
India's energy needs are expected to jump four-fold in 25 years, but it faced problems ranging from depleting fuel reserves and uncertainty in policy framework, consulting firm KPMG said on Monday.
Majority of AIFF EC members to choose between national body posts and state unit office
India fully utilised its military modernisation budget in 2024-2025 -- the first time in five years -- and signed a record Rs 2 trillion defence contracts.
IT major Wipro Limited has appointed Satya Easwaran, a former senior executive at consultancy KPMG, as its India head. Easwaran will be in charge of strengthening Wipro's business in India across key industry sectors through strategic consulting, transformation and modernisation engagements, it said in a statement on Monday. "India is a strategic market for Wipro and I am excited to welcome Satya to champion our bold ambition for growth and leadership here.
Generative AI is transforming workplaces but at a cost -- there are fewer jobs for young workers just entering the workforce, reveals a Goldman Sachs report.
The 31st meeting of the Goods and Services Tax (GST) Council, held in December 2018, deferred a decision to reduce the GST rate for cement from 28 per cent to 18 per cent. This was despite recognising that cement - along with automobile parts - remained among the few mass-consumption items still taxed at the highest slab, which was originally meant for luxury and sin goods.
Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.
Rising inflation and stagnant wages are forcing a number of salaried professionals to venture into the bike taxi service as part-time riders.
https://www.rediff.com/business/report/why-ipo-bound-oyo-seeks-to-rename-parent-firm/20250530.htm
